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Standard & Poor's places Alpha Natural Resources (ANR -3%) on CreditWatch negative due...

Standard & Poor's places Alpha Natural Resources (ANR -3%) on CreditWatch negative due to weaker expected volumes and pricing. The action follows yesterday's announcement of ANR's 2013 production cuts to tonnage in the low-80Ms vs. S&P's previous estimate of ~90M tons.
Comments (1)
  • 1712
    , contributor
    Comments (3) | Send Message
     
    They are making a smart move.

     

    We use to call it being lean and mean.

     

    Getting their cost under control, writing off future losses and mine closings and getting their credit line approved were all very smart moves. Those that are in the same business and do not get their cost under control will fall like dominoes (Arch) which will make ANR stronger.

     

    Jim
    19 Sep 2012, 07:47 PM Reply Like
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